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Version: 3.0

Example N2: Non-traded signals generated by pattern search

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example showcases the chart pattern search engine operating in signal-only mode. The module identifies complex chart formations without placing trades, making it ideal for pattern recognition training and strategy development. It detects 18 different chart patterns including Wedges, Triangles, Head and Shoulders formations, Double/Triple Tops and Bottoms, and Rectangles.

The system continuously scans price movements to identify these classical technical analysis patterns. When detected, visual signals appear on your chart, helping you understand pattern formation in real-time. The Data Feedback section collects pattern occurrence data over 10,000 periods, providing comprehensive statistics about pattern frequency and reliability.

This setup is particularly useful for traders learning to recognize chart patterns or validating pattern-based strategies. The visualization features help you see exactly when and where patterns form, while the statistical analysis reveals which patterns appear most frequently in your selected markets. This knowledge forms the foundation for developing profitable pattern-based trading strategies.

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long signals only drawn
  • General signal visualization = On

Signal Generation - Chart Patterns

  • Signal in use = On
  • Signal used for = Entry
  • Bullish Wedge = On
  • Bearish Wedge = On
  • Bullish Trendchannel = On
  • Bearish Trendchannel = On
  • Bullish Triangle = On
  • Bearish Triangle = On
  • Shoulder Head Shoulder Top = On
  • Shoulder Head Shoulder Bottom = On
  • Double Top = On
  • Double Bottom = On
  • Triple Top = On
  • Triple Bottom = On
  • Rectangle Top = On
  • Rectangle Bottom = On
  • Bullish Symetric Triangle = On
  • Bearish Symetric Triangle = On
  • Bullish Gap = On
  • Bearish Gap = On
  • Signal visualization = Off

Data Feedback

  • Value analysis = On
  • Value analysis refresh interval = 1000
  • Value analysis news period = 0
  • Value analysis indicator period = 0
  • Value analysis chart analyzer period = 0
  • Value analysis Candle pattern search period = 0
  • Value analysis Chart pattern search period = 10000
  • Value analysis Fibonacci pattern search period = 0
  • Value analysis histogram bins = 100

Screenshots​

Example N2: Non-traded signals generated by pattern search.webp